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JOHOR BARU: United Malayan Land Bhd (UM Land) has identified three new locations in south Johor for future development projects. UM Land Johor region general manager Mohd Noor Abdul Salam said all three were within the Iskandar Development Region (IDR), including one in Nusajaya city. He declined to give details on the other two locations and how much the company would invest to acquire the land. “We can’t say much now but our headquarters in Kuala Lumpur will make the announcement soon,” he said. Noor said this on Sunday after Johor Baru mayor Datuk Mohd Naim Nasir handed over house keys to buyers of the company’s Deanne Homes in Seri Austin. UM Land is currently undertaking two integrated township projects in Johor – Seri Alam in Masai and Seri Austin in Tebrau – both within the IDR that spans 2,216.3 sq km. Covering 1,497.33ha, Seri Alam was started in 1992 and is now 60% developed. Seri Austin was launched in 2005 and 20% of its 202.34ha has been developed. At the event, the company also launched 40 double-storey link houses – Arista II – with expected gross development value of RM35mil. Noor said the construction of new intersections, highways and road upgrading worth RM4.9bil for the IDR this year augured well for the property sector here. Read more
(The Star 18-3-2008)
